Swiss National Bank raised its holdings in shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,700 shares of the semiconductor company’s stock after purchasing an additional 4,100 shares during the quarter. Swiss National Bank owned 0.16% of Silicon Laboratories worth $4,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC grew its stake in Silicon Laboratories by 1.3% during the 1st quarter. FMR LLC now owns 6,343,205 shares of the semiconductor company’s stock valued at $466,543,000 after purchasing an additional 81,038 shares in the last quarter. BlackRock Inc. grew its stake in Silicon Laboratories by 25,072.0% during the 1st quarter. BlackRock Inc. now owns 4,558,402 shares of the semiconductor company’s stock valued at $335,271,000 after purchasing an additional 4,540,293 shares in the last quarter. Vanguard Group Inc. grew its stake in Silicon Laboratories by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 3,292,023 shares of the semiconductor company’s stock valued at $242,129,000 after purchasing an additional 160,997 shares in the last quarter. State Street Corp grew its stake in Silicon Laboratories by 4.1% during the 1st quarter. State Street Corp now owns 1,446,066 shares of the semiconductor company’s stock valued at $106,361,000 after purchasing an additional 56,814 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Silicon Laboratories by 62.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 841,592 shares of the semiconductor company’s stock valued at $57,523,000 after purchasing an additional 323,123 shares in the last quarter. Hedge funds and other institutional investors own 88.98% of the company’s stock.

A number of brokerages have weighed in on SLAB. B. Riley restated a “buy” rating and set a $90.00 price objective on shares of Silicon Laboratories in a research note on Friday, July 28th. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub lowered Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Stifel Nicolaus restated a “buy” rating and set a $85.00 price objective (up previously from $82.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $85.00 price objective on shares of Silicon Laboratories in a research note on Monday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $80.70.

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Silicon Laboratories, Inc. (NASDAQ SLAB) opened at 79.45 on Friday. The firm’s 50-day moving average price is $75.48 and its 200-day moving average price is $72.76. Silicon Laboratories, Inc. has a 12-month low of $55.04 and a 12-month high of $80.20. The company has a market cap of $3.38 billion, a P/E ratio of 47.38 and a beta of 1.25.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.08. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. The firm had revenue of $190.10 million for the quarter, compared to analyst estimates of $186.46 million. During the same period in the previous year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts expect that Silicon Laboratories, Inc. will post $3.06 EPS for the current year.

In related news, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $68.55, for a total transaction of $342,750.00. Following the transaction, the director now directly owns 30,526 shares in the company, valued at $2,092,557.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $68.25, for a total value of $136,500.00. Following the transaction, the chief financial officer now owns 70,767 shares in the company, valued at $4,829,847.75. The disclosure for this sale can be found here. Insiders have sold 34,906 shares of company stock worth $2,647,707 over the last 90 days. Corporate insiders own 34.82% of the company’s stock.

Silicon Laboratories Company Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

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Institutional Ownership by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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